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Money Transfer
When it comes to transferring money into Thailand, with the purpose of buying property, there are no restrictions. In case you send money to Thailand from a bank account in your home country, there is normally the option to execute the transfer in your country’s specific currency as well as in Thai baht. Some good advice is to compare the exchange rates between the sending bank and the Thai receiving bank.
Normally you are, without any fees or taxes, allowed to bring out the same amount of money from Thailand as you evidently brought in. Therefore, you will have to save the transfer receipts that the bank issues in connection to each transfer. If you are to transfer money with the purpose to purchase a condominium, it is crucial to make sure that each transaction amounts to 20,000 US dollars or more as this will enable you to request a Foreign Exchange Transaction Form (“Tor Tor Sam”) from the receiving Thai bank. It is important that the transaction form is issued in the same name as stated in the purchase contract of the condo.
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